U.S. CPI rises 2.3% year-over-year in April, below expectations

The U.S. Consumer Price Index (CPI) rose 2.3% year-over-year in April, slightly below market expectations of 2.4%, according to data from the U.S. Bureau of Labor Statistics shared by Investing.com. On a monthly basis, CPI increased by 0.2%, slightly below expectations of 0.3%. The core CPI, which excludes food and energy prices, climbed 2.8% year-over-year, in line with the anticipated 2.8%, and saw a monthly rise of 0.2%, slightly below the expected 0.3%.